GOLDEN AMERICAN                                                   EXCLUDED FUNDS
LIFE INSURANCE COMPANY                                               ENDORSEMENT

Golden American is a stock company domiciled in Delaware.
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EXCLUDED FUNDS ENDORSEMENT


On the  Endorsement  Effective  Date,  the provisions of the Rider to which this
endorsement is attached are amended as follows. If no Endorsement Effective Date
is shown,  the Endorsement  Effective Date is the same as the Rider Date.  Where
used in this  Endorsement,  the term Contract  shall include any  Certificate to
which this Endorsement is attached.  The terms used in this Endorsement shall be
interpreted  to apply only to the portion of the  Contract  values  allocated to
Excluded Funds. Where used in this Endorsement the term Rider shall mean Minimum
Guaranteed Income Benefit Rider,  Minimum Guaranteed  Accumulation Benefit Rider
or Minimum Withdrawal Benefit Rider, as appropriate.

When the Owner  elects  to  invest  in an  Excluded  Fund,  as  defined  herein,
components of the Rider which are calculated based on the Accumulation  Value of
the Contract to which this Rider is attached  will be  calculated  in accordance
with this  endorsement.  When an  investment  is made in an Excluded  Fund,  any
guarantee of the Rider may be permanently affected by such investment regardless
of any future allocation of Accumulation Value.

RIDER BENEFIT CALCULATIONS
--------------------------

For each Rider Benefit component  described in the Rider,  except Cash Surrender
Value where applicable, the portion that represents Excluded Funds will equal or
be based on the Accumulation Value allocated to Excluded Funds.

For purposes of allocating each such Rider Benefit  component  between  Excluded
Funds and  non-Excluded  Funds,  the following  rules apply.  For each component
described in the Rider,  a  corresponding  Excluded  Funds Rider Benefit Base is
maintained.  Each Excluded  Funds Rider Benefit Base has the same  definition as
the Rider Benefit component of the Rider with respect to premiums,  credits, and
withdrawals,  except that it applies only to investment in Excluded Funds. Rider
benefits  calculated  for  Excluded  Funds  will be based on the  lesser  of the
Accumulation Value or the applicable Rider Benefit component.

TRANSFERS
---------

Transfers  from  Excluded  Funds to  non-Excluded  Funds  will  reduce all Rider
Benefit  component(s)  for  Excluded  Funds on a prorata  basis.  The  resulting
increase in each non-Excluded  Funds Rider Benefit Base will equal the lesser of
the  reduction in the Rider  Benefit  component  for Excluded  Funds and the net
Accumulation Value transferred.

Transfers   from   non-Excluded   Funds  to  Excluded  Funds  will  reduce  each
non-Excluded Funds Rider Benefit Base on a prorata basis. The resulting increase
in the Rider Benefit component(s) for Excluded Funds will equal the reduction in
non-Excluded Funds Rider Benefit Base.

Adjustments  for transfers  involving  Excluded Funds and Special  Funds,  where
applicable,  will  be  calculated  separately  from  adjustments  for  transfers
involving  Excluded Funds and  non-Special  Funds.  Special  Funds,  if any, are
described in the Contract.

EXCLUDED FUNDS

Where used in this Endorsement, Excluded Funds are as designated by the Company.
We may add newly  available  divisions as Excluded Funds. We may also reclassify
an existing division as an Excluded Fund or remove such designation upon 30 days
notice to you.  Such  re-classification  will  apply to amounts  transferred  or
otherwise added to such division after the date of change.

All other  provisions  of the  Contract  to which this  Endorsement  is attached
remain unchanged.

Endorsement Effective Date:

Signed:        /s/ Barnett Chernow
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                   Barnett Chernow